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The move by OPEC+ to reschedule its meeting from the weekend to the upcoming week is poised to exert a considerable impact on oil options, potentially triggering heightened price fluctuations. The looming expiration of Brent crude options for January on Monday, Nov. 27, adds a layer of complexity to this scenario. Originally slated for Nov. […]

Oslo-listed oil and gas exploration and production (E&P) company BW Energy has made a groundbreaking commercial oil discovery at an appraisal well located approximately 5 kilometers southwest of the MaBoMo production platform in the Dussafu license offshore Gabon. The DHBSM-1 appraisal well encountered commercial volumes of oil in the Hibiscus South satellite prospect, confirming the

In a tale of maritime marvel, a Diamond Offshore Drilling-owned semi-submersible rig has spread its wings—or rather, its steel legs—and dived into drilling action off the coast of Australia. With a recent special periodic survey (SPS) under its belt, courtesy of Singapore, the Ocean Apex rig is ready to take on a series of drilling

More oil and gas goodness emerges from the bosom of the North Sea as Equinor, the big player in the Norwegian energy arena, dances the discovery jig once again. This time, their spotlight falls on a fresh oil and gas find snugly nestled near the Fram field in the deep waters of the North Sea

Amidst a brisk upswing in the offshore drilling market, Seadrill, Dolphin Drilling, and Borr Drilling are radiating optimism. Dolphin Drilling, in particular, has caught the industry’s eye with its impressive second-quarter revenue surge, a testament to its resilience and strategic maneuvers. As it deftly navigates the waters of change, the company’s sights are set on

Amidst OPEC’s production cuts, global oil demand has surged to record levels, propelled by robust consumption, particularly in China. The International Energy Agency (IEA) warns of potential price increases due to this demand surge. In June, worldwide fuel consumption averaged an unprecedented 103 MMbpd, and this trajectory is poised to ascend further in August, as

Borr Drilling emerges triumphant on two fronts, clinching a pair of contracts valued at a robust $73.8 million. The distinguished player in offshore drilling, Borr Drilling Limited, has garnered the spotlight with the acquisition of two coveted Letters of Award (LOAs) for its illustrious premium jack-up drilling rigs, the Gerd and the Thor. These notable

Azule Energy, a BP and Eni partnership, has awarded contracts to TechnipFMC and Aker Solutions for the Ndungu project offshore Angola. Source: Aker Solutions TechnipFMC secures a contract worth $75 million to $250 million to supply flexible pipe for the project connecting to Block 15/06 West Hub, situated around 130 kilometers offshore. This extends their

A fresh chapter unfolds as offshore drilling specialist, Shelf Drilling, claims a new endeavor for one of its jack-up rigs, bestowed by CNOOC Petroleum Europe Limited. This maritime overture casts its spotlight upon the UK Continental Shelf (UKCS), a domain where prowess meets opportunity. Amidst the maritime tableau, a subsidiary of Shelf Drilling North Sea

Unveiling a compelling saga of triumph, Transocean, a distinguished luminary in offshore drilling, has orchestrated a crescendo of groundbreaking agreements and extensions across diverse maritime domains, orchestrating an intricate ballet in Mexico, Australia, Norway, Lebanon, and the ethereal East Mediterranean Sea. This veritable symphony entails six resplendent vessels from Transocean’s formidable armada, imparting an exhilarating